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Sep 5, 2012
09/12
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CNBC
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the expansion of fannie mae, freddie mac and hud, allowing banks to balloon balance sheets. clinton may blame bush but it's tough to figure that president clinton wasn't at least partly responsible for the housing bubble. let's talk to david goodfriend, steve moore, author of "return to prosperity." steve, we'll start with you. i thought bill clinton was reagan's third term. for him to trash republicans and bush doesn't make sense. clinton has nothing in common with barack obama. >> that's exactly right. that was the point of the editorial today. the lead editorial. in a lot of ways obama has been the anti-clinton. let's talk about a couple of areas where obama policies have been in complete contrast to bill clinton. first of all, bill clinton was a fiscal conservative. he did cut spending. there was little growth in the budget under bill clinton. of course barack obama gave us just the opposite. an $830 billion stimulus plan. the second one that's pretty obvious, larry, is barack obama, very famously said he was going to end welfare as we know it. he signed the welfare refo
the expansion of fannie mae, freddie mac and hud, allowing banks to balloon balance sheets. clinton may blame bush but it's tough to figure that president clinton wasn't at least partly responsible for the housing bubble. let's talk to david goodfriend, steve moore, author of "return to prosperity." steve, we'll start with you. i thought bill clinton was reagan's third term. for him to trash republicans and bush doesn't make sense. clinton has nothing in common with barack obama....
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Sep 18, 2012
09/12
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CNBC
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bank of america gouged fannie mae. that's been consistent with how bank of america has acted towards homeowners. they paid $25 billion for abusive housing practices and mortgage practices. bank of america -- >> yeah, they held a gun to the fannie mae executive's heads and made them buy all that stuff. >> that's basically what they did. bank of america knew that fannie mae had to do this deal, so they forced a 20% premium, which was really taking taxpayer money because fannie mae still has $114 in taxpayer money. >> katherine, you have the other side of this trade. >> the guys at fannie mae wear big boy pants. they should really be able to make these deals on their own. the fact is bank of america provided the services they said they were going to provide in their contract. fannie mae made a bad contract with them. i think in many ways these fees, the elevated fees are a distraction from the real debate, which is why is fannie mae out there making these terrible contract terms they can't get out of without $.5 billion o
bank of america gouged fannie mae. that's been consistent with how bank of america has acted towards homeowners. they paid $25 billion for abusive housing practices and mortgage practices. bank of america -- >> yeah, they held a gun to the fannie mae executive's heads and made them buy all that stuff. >> that's basically what they did. bank of america knew that fannie mae had to do this deal, so they forced a 20% premium, which was really taking taxpayer money because fannie mae...
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Sep 6, 2012
09/12
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CNBC
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under bush they tried to go under fannie mae. >> this guy tried to shut down fannie mae and freddie mac. >> subprime loans. >> andrew cuomo and bill clinton. >> no, it didn't. >> barney frank saying it was solvent. >> i'm sorry i'm talking so much, but you have a balanced panel here. >> nan, do you think his argument of four more years or three more years or whatever will work? that was the argument clinton made last night. it seemed like the precursor to obama's argument. do you think america will vote for a guy who is telling them they have to wait several more years for economic success? >> americans, based on my experiences are representative of the hudson valley in new york. americans are fed up. they are desperate for change, but not the kind of change president obama, based on the experience of four years of his policies, has provided to us. so they want to see the kind of change from economic growth. when clinton spoke last night about his presidency and alluded to triumphs when there were troubles he neglected to mention the great engine of the economic growth among others -- >
under bush they tried to go under fannie mae. >> this guy tried to shut down fannie mae and freddie mac. >> subprime loans. >> andrew cuomo and bill clinton. >> no, it didn't. >> barney frank saying it was solvent. >> i'm sorry i'm talking so much, but you have a balanced panel here. >> nan, do you think his argument of four more years or three more years or whatever will work? that was the argument clinton made last night. it seemed like the precursor...
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Sep 27, 2012
09/12
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WJLA
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this woman says she was upon and fannie mae have helped her. now she says she is an activist working part-time. >> i am slightly employed. >> who is sure slight employer? ts.basically the activis they wanteden said be arrested. some voiced support. p.m., thatre at 5:00 would be madness. people would be really angry. think it is all right. i am not in favor of that. of free speech and .emonstrating outside one womantesters -- organization grew out of what was formerly known as acorn. of them were also taken to york for similar demonstrations. >> despite the protests, there for homeowners. the average interest rate fell to a new record low. the rate on a 30 year low and o 3.4%. t that is down from 3.49%. this is the lowest since the 1950's. >> the national fans get a break with a plan to keep my running it playoff games goal late. will plateal says it -- pay for the extended service. metro requires $29,000 for every extra hour it keeps the train running. the mentor tried to a deal. now the uncertainty is over. >> coming up, three men arrested bea
this woman says she was upon and fannie mae have helped her. now she says she is an activist working part-time. >> i am slightly employed. >> who is sure slight employer? ts.basically the activis they wanteden said be arrested. some voiced support. p.m., thatre at 5:00 would be madness. people would be really angry. think it is all right. i am not in favor of that. of free speech and .emonstrating outside one womantesters -- organization grew out of what was formerly known as acorn....
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Sep 27, 2012
09/12
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WRC
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fannie mae reached out to some of the protesters today and said they would meet with them that. meeting did happen and fannie mae said they would look into some of the cases that were brought up during that discussion. >> hopefully more than just talk comes from those meetings. thanks. >>> right now metro is announcing a deal to provide late night service following washington's nationals playoff games. we'll take you there live in 9news. >> reporter: israel's prime minister demands a red line over iran's nuclear development. >>> caught on tape two men wanted for burglarizing a downtown d.c. store. this is surveillance video taken early yesterday morning inside the all in one market in the 300 block of p street northwest it. shows two men break through the door, grab some merchandise and leave the same way they came in. they got away in a light colored older model conversion van. >>> israeli prime minister benjamin netanyahu addressed the un general assembly today. >> netanyahu is pressing for what israel calls a clear red line on iran and its nuclear program. >> reporter: israel
fannie mae reached out to some of the protesters today and said they would meet with them that. meeting did happen and fannie mae said they would look into some of the cases that were brought up during that discussion. >> hopefully more than just talk comes from those meetings. thanks. >>> right now metro is announcing a deal to provide late night service following washington's nationals playoff games. we'll take you there live in 9news. >> reporter: israel's prime minister...
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Sep 16, 2012
09/12
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CSPAN2
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more -- >> fannie mae is a little more. so maybe fannie mae should be on trial here. [laughter] >> i didn't set the parameters of the trial. >> second question i had for you, do you believe ceos are overpaid on wall street? is that your contention? >> i mean, these types of decisions ultimately are -- you can look from the outside. their compensation, seems to me, to be at times excessive, correct, yes. >> now, let me concede the point that mr., for a minute, that many ceos of companies and banks are overpaid. then the question becomes, who do you think, in your opinion, is responsible for that, or that is to say would you favor the government coming in and telling companies what they can pay their ceos, or is that a matter for boards of directors and shareholders? >> it's a matter for boards of directors and shareholders. >> thank you. the top 1%, are you in the top 1% in income in this country? you're an incredibly successful entrepreneur. >> i plead guilty. [laughter] >> you plead guilty. so we've heard a lot of this, a
more -- >> fannie mae is a little more. so maybe fannie mae should be on trial here. [laughter] >> i didn't set the parameters of the trial. >> second question i had for you, do you believe ceos are overpaid on wall street? is that your contention? >> i mean, these types of decisions ultimately are -- you can look from the outside. their compensation, seems to me, to be at times excessive, correct, yes. >> now, let me concede the point that mr., for a minute, that...
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Sep 8, 2012
09/12
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FOXNEWS
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still working and 148,000 a year more from, from what's left of fannie mae, none of those stories got any traction at all in the mainstream media. >> and hats off to john carl, media note. for putting out one of the three steel workers trotted out in front of the democratic national convention who got up there and said, you know, mitt romney is bad because bain capital closed our company and we lost our jobs. one of them didn't work at the company. he was a union organizers. >> the same problem that they had with that ad that was put out by one of the non-affiliated super pacs, on the obama committee. they need to do better in the fact checking department and i actually think the press, they did that and-- >> isn't this the party that's running our country right now? >> yes, it is. >> running or ruining? >> brit hume was very struck by something that i also-- occurred to me as i was watching both the republicans and democratic national conventions, he said he was getting a little tired of the destitution derby here. is there a candidate who's grandfather didn't work in a coal mine and
still working and 148,000 a year more from, from what's left of fannie mae, none of those stories got any traction at all in the mainstream media. >> and hats off to john carl, media note. for putting out one of the three steel workers trotted out in front of the democratic national convention who got up there and said, you know, mitt romney is bad because bain capital closed our company and we lost our jobs. one of them didn't work at the company. he was a union organizers. >> the...
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Sep 25, 2012
09/12
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FBC
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it is fundamentally underlying related to freddie mac and fannie mae. people are credit loans from years ago or when you want them, now that the government is doing some interesting things with the regulator of fannie mae and freddie mac, try to make sure that when you have that insurance from fannie and freddie, the guarantee, but that is a real guarantee. that will have a positive impact. cheryl: that is the reason we keep propping them up. fannie mae and freddie mac. let's talk about the refinance environment. a lot of viewers having a tough time. they want to do it because rates are incredibly low. are things getting any easier right now? >> right now, i don't think that they are. however, one thing that will make it easier is that when you have of situations where we're getting appraisals, it will be easier to get a property appraiser. what a situation where foreclosed homes were sitting on the market and were dragging down property values, we are seeing investors have bought up a lot of good lower-priced homes, and that will certainly help the mar
it is fundamentally underlying related to freddie mac and fannie mae. people are credit loans from years ago or when you want them, now that the government is doing some interesting things with the regulator of fannie mae and freddie mac, try to make sure that when you have that insurance from fannie and freddie, the guarantee, but that is a real guarantee. that will have a positive impact. cheryl: that is the reason we keep propping them up. fannie mae and freddie mac. let's talk about the...
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Sep 28, 2012
09/12
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KTVU
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fannie mae agreed to look into some of the cases. ktvu channel 2 news. >>> the u.s. postal service will default on a payment due to the treasure this sunday. it is the second default in two months. it could have gone into the funded for future retirees. workers called for a reform of how the service is funded. >>> health officials say it is time to get your flu shot. there are two new strains circling the globe. last year the shot didn't cover the two new strains. >>> a new york state man is in critical condition after contracting west nile virus. it is not clear if he got it locally. officials notified people in his town about what happened. the centers for disease control says across the country this has been one of the worst years on record for west nile. >>> crews plan to spray for mosquitos tonight in brentwood. it is the 7th time they spraid in the past six month. the area is south of loan tree bay, it begins at sunset till 11:00 p.m. tonight. at 6:00 p.m., getting the upper hand of west nile virus. what one community is doing to stop it from spreading. >>> cur
fannie mae agreed to look into some of the cases. ktvu channel 2 news. >>> the u.s. postal service will default on a payment due to the treasure this sunday. it is the second default in two months. it could have gone into the funded for future retirees. workers called for a reform of how the service is funded. >>> health officials say it is time to get your flu shot. there are two new strains circling the globe. last year the shot didn't cover the two new strains. >>>...
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Sep 28, 2012
09/12
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WTTG
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executives from fannie mae met with dmron straighters. they are focused on helping homeowners. >>> still ahead on news4, a sky-high showdown as passengers tie down a passenger. >>> a puppy stolen from a maryland rescue group could be in danger if he's not returned soon. >>> see the video that's gotten more than 500,000 hit >>> first on news4, tough talk at a d.c. firehouse after someone defaced a picture of the fire chief. someone drew a mustache on a photograph of chief kenneth eller by and flipped his picture upside down. happened at engine company 10 on florida avenue in northeast. officers notified police about the vandalism and laid down the law to the entire station. here's an audio recording from the confrontation. >> the reason i ask who has -- is because there will be some charges at this point that -- at that point -- >> the fire chief says as far as he's concerned the case is closed. he'd rather the fire department focus on serious issues. >>> james berry lives in culpeper and he's now facing felony charges after the cops say t
executives from fannie mae met with dmron straighters. they are focused on helping homeowners. >>> still ahead on news4, a sky-high showdown as passengers tie down a passenger. >>> a puppy stolen from a maryland rescue group could be in danger if he's not returned soon. >>> see the video that's gotten more than 500,000 hit >>> first on news4, tough talk at a d.c. firehouse after someone defaced a picture of the fire chief. someone drew a mustache on a...
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Sep 5, 2012
09/12
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mae and freddie mac. and borrowers, they were becaabg the system. there was a lot of institutions involved in causing the crisis, and it's not good for the banks to be blamed 100%. you could get a bad outcome in terms of how you fix it. >> tell me how you can manage a complex institution that is serving two masters. you've done it. >> yeah, first of all, i think this notion that these big banks are too big to manage, too complex, is not right. we live in a complex world, and we just need to manage things when they go wrong. as a individual and a user of it, or a business manager, it is complexi comple complex. we should not be talking about rolling back a banking industry that is very efficient to something that was not 15 years ago. so this complexity argument i don't buy. sure big banks are complexion, but if you look at the final institutions that have failed, they have been more -- you take country wide, or wamu, these were companies that weren't nearly as complex by any stretch of the imagination as
mae and freddie mac. and borrowers, they were becaabg the system. there was a lot of institutions involved in causing the crisis, and it's not good for the banks to be blamed 100%. you could get a bad outcome in terms of how you fix it. >> tell me how you can manage a complex institution that is serving two masters. you've done it. >> yeah, first of all, i think this notion that these big banks are too big to manage, too complex, is not right. we live in a complex world, and we just...
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Sep 28, 2012
09/12
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. >>> demonstrators are demanding fannie mae put an end to eviction and foreclosures. police arrested several protesters who blocked traffic on wisconsin avenue in front of fannie mae's headquarters yesterday. executives from the company later met with demonstrators. they say they're focused on helping homeowners who are struggling to hold on to their homes. >>> and this is what police found in one culpeper, virginia home. they say they found more than 100 marijuana plants growing in james barry's basement. the drugs have a street value of about $300,000. officers say the house was rigged to hide the plants. there was even a trap door leading from the main home to the basement. this is the largest grow house operation ever busted in culpeper. >>> d.c. police and fire officials are trying to figure out who defaced a picture of the district's fire chief. somebody drew a mustache on a photograph of chief kenneth ellerbe and flipped the picture upside down. the vandalism happened at engine 10 on florida avenue. police came and dusted for fingerprints and filed an official
. >>> demonstrators are demanding fannie mae put an end to eviction and foreclosures. police arrested several protesters who blocked traffic on wisconsin avenue in front of fannie mae's headquarters yesterday. executives from the company later met with demonstrators. they say they're focused on helping homeowners who are struggling to hold on to their homes. >>> and this is what police found in one culpeper, virginia home. they say they found more than 100 marijuana plants...
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Sep 6, 2012
09/12
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CNNW
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mae and freddie mac, which helped create the mortgage crisis. he told a great story. problem is he used some facts that helped him and ignored some facts that didn't help him. it was vintage clinton, great to watch. it was a great story. >> david? >> the democrats have now had two very good, surprisingly strong nigs. >> right. >> the stumble over the platform -- >> that was a stumble tonight. but they ended -- they had a tremendous finish. if barack obama tomorrow night can make it 3 for 3, they could break out in this election. they've been trying to do that. the dynamics have been steady all along. they have a chance. i think it's a chance, i don't think it's certain, i think they have a chance -- >> we've seen bounces before for democrats that then have faded away. >> it's been a while. bill clinton has a bit of a bounce, the kerry/bush race they both got eight points. because of polarization, the cable era, the blogosphere, president obama got two points, four years ago against john mccain. carly was involved in the campaign. you knew it. he
mae and freddie mac, which helped create the mortgage crisis. he told a great story. problem is he used some facts that helped him and ignored some facts that didn't help him. it was vintage clinton, great to watch. it was a great story. >> david? >> the democrats have now had two very good, surprisingly strong nigs. >> right. >> the stumble over the platform -- >> that was a stumble tonight. but they ended -- they had a tremendous finish. if barack obama tomorrow...
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Sep 10, 2012
09/12
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FOXNEWSW
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were wrecking fannie mae and putting us in the hole. he's still getting a pension. he's 50 years old. >> fannie mae required $200 billion bailout from the government. the whole issue of jerusalem not being the eternal capital of israel which was the democratic platform. platforms are vetted in the white house. tom donilon is an old campaign guy. it's inconceivable he didn't pass judgment on it. has the administration changed its policy? megyn: we were told that the president didn't know about it. >> i was in the white house when we did a platform in 1986. you don't do a platform without the explicit knowledge of the administration. megyn: even on the romney side they are saying governor romney doesn't agree with the abortion platform. >> they may walk away from it. >> inconceivable. >> this is a change in national security -- at least on the record. this is very delicate stuff. it's still a major commitment. megyn: it sounds like our complaining business yes some conduct but also lack of media attention. >> the meade why doesn't tell us
were wrecking fannie mae and putting us in the hole. he's still getting a pension. he's 50 years old. >> fannie mae required $200 billion bailout from the government. the whole issue of jerusalem not being the eternal capital of israel which was the democratic platform. platforms are vetted in the white house. tom donilon is an old campaign guy. it's inconceivable he didn't pass judgment on it. has the administration changed its policy? megyn: we were told that the president didn't know...
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Sep 9, 2012
09/12
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FOXNEWSW
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still working and 148,000 a year more from, from what's left of fannie mae, none of those stories got any traction at all in the mainstream media. >> and hats off to john carl, media note. for putting out one of the three steel workers trotted out in front of the democratic national convention who got up there and said, you know, mitt romney is bad because bain capital closed our company and we lost our jobs. one of them didn't work at the company. he was a union organizers. >> the same problem that they had with that ad that was put out by one of the non-affiliated super pacs, on the obama committee. they need to do better in the fact checking department and i actually think the press, they did that and-- >> isn't this the party that's running our country right now? >> yes, it is. >> running or ruining? >> brit hume was very struck by something that i also-- occurred to me as i was watching both the republicans and democratic national conventions, he said he was getting a little tired of the destitution derby here. is there a candidate who's grandfather didn't work in a coal mine and
still working and 148,000 a year more from, from what's left of fannie mae, none of those stories got any traction at all in the mainstream media. >> and hats off to john carl, media note. for putting out one of the three steel workers trotted out in front of the democratic national convention who got up there and said, you know, mitt romney is bad because bain capital closed our company and we lost our jobs. one of them didn't work at the company. he was a union organizers. >> the...
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Sep 6, 2012
09/12
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FOXNEWS
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mae and freddie mac, making tens of millions which helped cause an almost financial collapse in this country and his fingerprints are all over there is funny and i have not heard people talk about that, either. >>neil: thank you, mark levin. the community reinvestment act spurred lending so we could go from making this hard to get a home to almost a birthright that is then. here we are now. >> and for elizabeth warren her memorable line: corporations are not people which of course is news to mitt romney who says corporates made up of and led by and, well, accountable to people. it is a central theme of a convention that sees a lot of companies as a big part of the problem. a former c.e.o. is going to set the record straight, he says, and stop the nonsense now. copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. h
mae and freddie mac, making tens of millions which helped cause an almost financial collapse in this country and his fingerprints are all over there is funny and i have not heard people talk about that, either. >>neil: thank you, mark levin. the community reinvestment act spurred lending so we could go from making this hard to get a home to almost a birthright that is then. here we are now. >> and for elizabeth warren her memorable line: corporations are not people which of course...
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Sep 4, 2012
09/12
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MSNBC
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we've got derivatives issues, a variety of other things, and we haven't touched fannie mae and freddie mac. they have to be looked at as well. >> john, i want to go to you. there has been a lot of talk about, you know, repealing dodd-frank entirely, but the word on the street is that, you know, even if romney were to be elected president, that it would likely not be a complete repeal but maybe a tinkering with certain parts of dodd-frank that the banking sector and financial services sector don't like. give us your take on what is feasible in terms of actually amending dodd-frank if there is a republican administration. >> this was a very difficult law to put together. it would be a very difficult law to take apart. but i would say after the great depression, we saw acts like the federal reserve act rewritten several times and i wouldn't be at all surprised if we saw continued tinkering no matter who is president with dodd-frank. we just saw it with oxley, with the rules impeding ipos. one of the few things they've gotten done this year. i would say you asked the previous guest for a g
we've got derivatives issues, a variety of other things, and we haven't touched fannie mae and freddie mac. they have to be looked at as well. >> john, i want to go to you. there has been a lot of talk about, you know, repealing dodd-frank entirely, but the word on the street is that, you know, even if romney were to be elected president, that it would likely not be a complete repeal but maybe a tinkering with certain parts of dodd-frank that the banking sector and financial services...
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Sep 20, 2012
09/12
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CSPAN2
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first, i rise to protest an action by the federal housing finance agency, fannie mae and freddie mac, that punish my state of connecticut and four other states for effectively protecting our citizens against unfair and abusive mortgage foreclosure practices. and i want to say right at the outset, i am determined to fight this action, along with my colleagues, during the comment period that we have to contest this very unwise, misguided, unacceptable decision. these agencies have just posted for 60-day comment a decision to increase fannie mae and freddie mac's guarantee fee for connecticut and four other states -- new jersey, new york, illinois and florida. why? because the protections that we have in place now against those abusive banking tactics that have so pervaded the mortgage foreclosure process, increased the length of time that it sometimes takes for foreclosure, and we have a mediation process that keeps people in their homes and enables settlements that actually save money. that is connecticut's crime. that is the reason that connecticut and for her other states and our hom
first, i rise to protest an action by the federal housing finance agency, fannie mae and freddie mac, that punish my state of connecticut and four other states for effectively protecting our citizens against unfair and abusive mortgage foreclosure practices. and i want to say right at the outset, i am determined to fight this action, along with my colleagues, during the comment period that we have to contest this very unwise, misguided, unacceptable decision. these agencies have just posted for...
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Sep 6, 2012
09/12
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CNNW
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it was democrats who stood in opposition to reigning in fannie mae and freddie mac which helped create the mortgage crisis. so he told a great story. the problem is, he used some facts that helped him, and ignored some facts that didn't help him, it was vintage clinton, it was great to watch. it was a great story. >> i'd like to go back to what i said last night, the democrats have now had two very good -- surprisingly strong nights. >> they stumble over the platform, you think -- >> there was a stumble tonight, it was quiet, but they ended on -- they had a tremendous finish. if barack obama tomorrow night can make it 3 for 3, they could break out in this election. they've been trying to do that. the dynamics have been steady all along, they have a chance. i think they have a chance -- >> you've seen bounces before for democrats that then have faded away. >> it's been a while. bill clinton has a bit of a balance to carry the bush race, they both have eight points, they matched up. because of the polarization, the cable era, president obama just got two points four years ago against joh
it was democrats who stood in opposition to reigning in fannie mae and freddie mac which helped create the mortgage crisis. so he told a great story. the problem is, he used some facts that helped him, and ignored some facts that didn't help him, it was vintage clinton, it was great to watch. it was a great story. >> i'd like to go back to what i said last night, the democrats have now had two very good -- surprisingly strong nights. >> they stumble over the platform, you think --...
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Sep 8, 2012
09/12
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CURRENT
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fannie mae mortgages modification. that's something. >> there has been a lot of arm twisting of ed dimarco the conservator of of sally may and freddie mac. and they say they don't have any more power to twist his arm. >> eliot: they should be going after every conceivable way. the real problem joe i think dan is exactly right and i and many people have been saying for years until you deal with the mortgage crisis you won't deal what is really at the root of the economy. the problem has been the treasury department. the treasury did not appreciate that simple premise. tim geithner was willing to let it work its way on its own. and grievous mistake. it debilitated our economy. the successes and jennifer granholm. >> she was awesome. >> she was awesome. it's the auto bailout. i'm struck that mitt romney has not responded adequately. what is the republican party going to say about meaningful support to bail out the auto industry. >> they're going to say nothing. it's better than saying something. they're likely to get the
fannie mae mortgages modification. that's something. >> there has been a lot of arm twisting of ed dimarco the conservator of of sally may and freddie mac. and they say they don't have any more power to twist his arm. >> eliot: they should be going after every conceivable way. the real problem joe i think dan is exactly right and i and many people have been saying for years until you deal with the mortgage crisis you won't deal what is really at the root of the economy. the problem...
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Sep 28, 2012
09/12
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WRC
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it's in response to a protest yesterday at both fannie mae and freddie mac. protesters want policy changes that would allow for a reduction in princies to the current market value of homes to top evictions and allow residents to buy back homes at the current market value. >> we did it willingly as veterans to serve our country. to come back home and have other people in this country try and take homes away from veterans, it's not going to happen [ inaudible ] >>> well, starting today, police can give you a breathalyzer test if they suspect you're driving drunk in the district. police stopped giving those tests two years ago in d.c. because of inaccurate equipment and it caused hundreds of tests and drunk driving convictions into question. the feds gave the city a dis $1 -- $150,000 grant to get the equipment in order so they could start giving the breathalyzer tests again and that starts today. >>> we have a commuter alert now. another weekend, another mess on metro. starting tonight no service on the green line between branch avenue and southern avenue. it b
it's in response to a protest yesterday at both fannie mae and freddie mac. protesters want policy changes that would allow for a reduction in princies to the current market value of homes to top evictions and allow residents to buy back homes at the current market value. >> we did it willingly as veterans to serve our country. to come back home and have other people in this country try and take homes away from veterans, it's not going to happen [ inaudible ] >>> well, starting...
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Sep 28, 2012
09/12
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. >>> demonstrators are demanding fannie mae put an end to evictions from foreclosures. police arrested several protesters who blocked traffic on wisconsin avenue in front of fannie mae's headquarters yesterday. executives from the company later met with demonstrators. they say they're focused on helping homeowners who are struggling to hold on to their houses. >>> 5:35 now. a former manager at virginia rail way express faces up to ten years in prison on bribery charges. kevin pled guilty yesterday. the manager admitted he took a monthly bribe from a maintenance subcontractor for nearly a decade and received about $200,000. in return, he gave the contractor favorable evaluations that allowed him to keep the contract. court papers do not identify the other party involved. >>> thanks to a surprise and generous donation, nationals fans won't be stranded at the navy yard during the team's playoff run. metro announced it will extend hours for all postseason games. d.c.-based living social will foot the bill. metro requires a $29,000 deposit to keep the station open past midni
. >>> demonstrators are demanding fannie mae put an end to evictions from foreclosures. police arrested several protesters who blocked traffic on wisconsin avenue in front of fannie mae's headquarters yesterday. executives from the company later met with demonstrators. they say they're focused on helping homeowners who are struggling to hold on to their houses. >>> 5:35 now. a former manager at virginia rail way express faces up to ten years in prison on bribery charges. kevin...
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and citi group fannie mae the largest source for home loans reported a three point five five billion dollars loss for the fourth quarter in march two thousand and eight the fifth largest investment bank in the world bear stearns was on the verge of collapse many of the nation's most respected financial journalists are still getting it when i get my money out there no no no bear stearns is fine do not take your money i just read if there is one k. boy other than a plus four hundred pairs turns is not in trouble i mean if any are more likely to be taken over don't move your money from bear that's just been silly don't be silly the media was complicit says dean starkman a financial journalist now with the columbia journalism review the business press former colleagues of mine friends of mine did not really recognize and understand what they were up against how dramatically the the world that changed the lending industry had changes things that you've kind of documented how out of control wall street had become and i think it's a real contributing factor tactic to to how we got to where
and citi group fannie mae the largest source for home loans reported a three point five five billion dollars loss for the fourth quarter in march two thousand and eight the fifth largest investment bank in the world bear stearns was on the verge of collapse many of the nation's most respected financial journalists are still getting it when i get my money out there no no no bear stearns is fine do not take your money i just read if there is one k. boy other than a plus four hundred pairs turns...
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Sep 10, 2012
09/12
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CNBC
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atlanta could be in a future deal or they could be sold directly from fannie mae if prices continue to recover. >> diana, thank you. >>> just because summer is over, that doesn't mean the great american drought is over with. we have some exclusive details on just how harmful it is going to be to our economy. >>> and general motors ai' big problem. great sales. phil lebeau is live at chicago. >> talking about the chevy volt. headlines today that the volt is aen monoloser. how much per vehicle? that might surprise you. and why is gm saying, listen, this map is way off base. we'll have numbers when "power lunch" returns. uh, i'm in a timeout because apparently riding the dog like it's a small horse is frowned upon in this establishment! luckily though, ya know, i conceal this bad boy underneath my blanket just so i can get on e-trade. check my investment portfolio, research stocks... wait, why are you taking... oh, i see...solitary. just a man and his thoughts. and a smartphone... with an e-trade app. ♪ nobody knows... [ male announcer ] e-trade. investing unleashed. >>> welcome back to
atlanta could be in a future deal or they could be sold directly from fannie mae if prices continue to recover. >> diana, thank you. >>> just because summer is over, that doesn't mean the great american drought is over with. we have some exclusive details on just how harmful it is going to be to our economy. >>> and general motors ai' big problem. great sales. phil lebeau is live at chicago. >> talking about the chevy volt. headlines today that the volt is aen...
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Sep 22, 2012
09/12
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CSPAN
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and fannie mac. -- fannie mae and freddie mack. representative waters approached the committee to discuss better husband had been a member of the board of oneunited bank and he told her that he would handle the oneunited matter and she should stay out of it. the exact timing of this conversation is not clear from the record, but we believe that occurred at some point following the september 9, 2000 treasury meeting but prior to the circulation of the first draft of the emergency economic stabilization act on september 28, 2008. the record reveals that despite representative waters's correct determination that she should not be involved in any direct help for the bank because of conflict of interest, her chief of staff continue to engage in official actions taken solely on behalf of oneunited bank and not the greater class of banks affected by the conservatorship. the first official act was an e-mail dated september 19, 2008. mr. moore said that e-mail to a -- mr. moore sent that e-mail to a financial services staffer stating, "oneu
and fannie mac. -- fannie mae and freddie mack. representative waters approached the committee to discuss better husband had been a member of the board of oneunited bank and he told her that he would handle the oneunited matter and she should stay out of it. the exact timing of this conversation is not clear from the record, but we believe that occurred at some point following the september 9, 2000 treasury meeting but prior to the circulation of the first draft of the emergency economic...
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mae freddie mac. . you have a corporate paper and these things are all traded against each other hedge funds and bank like entities and at the end of the day you have this incredibly large market that used to be a lot bigger but it shrunk in recent years that's right we can show our viewers what that looks like because that has expanded to surpass the size of the traditional banking system as you can see by liabilities here that happened in the mid ninety's now what we're seeing is it starting to come down and there's one argument that it has with this explosion it's really provided a buffer against inflation and that now that this is getting smaller and smaller the liabilities are coming down there essentially if i have this right the traditional banking sector will pick up the slack and this will become less and less of a buffer against inflation in the u.s. now you don't completely agree with that but i but can you break down what is this argument shadow banking liabilities as a as an inflation but f
mae freddie mac. . you have a corporate paper and these things are all traded against each other hedge funds and bank like entities and at the end of the day you have this incredibly large market that used to be a lot bigger but it shrunk in recent years that's right we can show our viewers what that looks like because that has expanded to surpass the size of the traditional banking system as you can see by liabilities here that happened in the mid ninety's now what we're seeing is it starting...
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Sep 6, 2012
09/12
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it was democrats who stood in opposition to reigning in fannie mae and freddie mac which helped create the mortgage crisis. so he told a great story. the problem is, he used some facts that helped him, and ignored some facts that didn't help him, it was vintage clinton, it was great to watch. it was a great story. >> i'd like to go back to what i said last night, the democrats have now had two very good -- surprisingly strong nights. >> they stumble over the platform, you think -- >> there was a stumble tonight, it had a slow start tonight, it was quiet. but they ended on a -- they had a tremendous finish. if barack obama tomorrow night can make it three for three, they could break out in this election. they've been trying to do that. the dynamics have been steady all along, they have a chance. i think they have a chance -- >> you've seen bounces before for democrats that then have faded away. >> it's been a while. bill clinton has a bit of a balance to carry the bush race, they both have eight points, they matched up. because of the polarization, the cable era, the blogosphere, presid
it was democrats who stood in opposition to reigning in fannie mae and freddie mac which helped create the mortgage crisis. so he told a great story. the problem is, he used some facts that helped him, and ignored some facts that didn't help him, it was vintage clinton, it was great to watch. it was a great story. >> i'd like to go back to what i said last night, the democrats have now had two very good -- surprisingly strong nights. >> they stumble over the platform, you think --...
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Sep 21, 2012
09/12
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it has to do with fannie mae and freddie mac. when my republican friends are out of power, they know exactly what to do about housing. when they're in power they forget. it's a peculiar form of apple nearbyia. from -- amnesia. from 1995 to 2006 they controlled the congress and did nothing, nothing about fannie mae and freddie mac. we came in 2007 and took action and put them in a conservatorship and stopped them from losing money. the next step was to go forward with replacing them. we said that we would do that. we did financial reform first. the republicans said in 2009 and 2010, you must do reform of fannie mae and freddie mac. and we thought financial reform came first because we already stopped the bleeding. then they came to power in 2011 and they've done nothing, and the reason they've done nothing about fannie mae and freddie mac and the reason they've done nothing about the post office and agriculture and didn't do anything about the highways is very simple. they're a party torn between extremists and people who are afra
it has to do with fannie mae and freddie mac. when my republican friends are out of power, they know exactly what to do about housing. when they're in power they forget. it's a peculiar form of apple nearbyia. from -- amnesia. from 1995 to 2006 they controlled the congress and did nothing, nothing about fannie mae and freddie mac. we came in 2007 and took action and put them in a conservatorship and stopped them from losing money. the next step was to go forward with replacing them. we said...
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Sep 25, 2012
09/12
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CSPAN
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a classic example is fannie mae and freddie mac and the entire economic mess we are in. how many more things to we want to inject the government into? they are the ones driving the cost. we need a little free enterprise work. >> next question from bill miller and go first to jonathan. the u.s. postal service is very important to the room -- to the people in the room today. it is now trying to go into a program that would be competing in a bear to newspapers. in many cases the newspaper is the largest customer for the post office of community. what i would like to know is, what is your position on this issue and other issues of closing rural post offices and eliminating saturday delivery? what would you do in the senate to help rural newspapers and community newspapers that depend on the postal service? >> like many of the things run by the government, the postal service is one that is very inefficient. i of a friend who works as a mail carrier. he gets four days straight of 10 hours per day so that every time he is needed he gets more overtime. the federal government, in
a classic example is fannie mae and freddie mac and the entire economic mess we are in. how many more things to we want to inject the government into? they are the ones driving the cost. we need a little free enterprise work. >> next question from bill miller and go first to jonathan. the u.s. postal service is very important to the room -- to the people in the room today. it is now trying to go into a program that would be competing in a bear to newspapers. in many cases the newspaper is...
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Sep 10, 2012
09/12
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FBC
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likely the answer is no because fannie mae and freddie mac still owe billions of dollars. also, gm still owes 27 billion. allied financial still owes. will we see that money back in the future, that is the question. cheryl: what is interesting about your story is the treasury department denied this. i'd assume they are very sensitive with the election close. >> i just got the sense they want to set the record straight. it is a lockup period. they have to time it right. they still own shares in aig. they do not want to flood the market. dennis: that is really something. i would be surprised if they were not talking treasury. cheryl: elizabeth macdonald. dennis: do not count on ben bernanke and company. why the fed will not use at thursday's meeting. cheryl: plus, how you can turn off those ads on your kindle. it will cost you to do this. first, a look at today's smb winners and losers. ♪ [ heart beating, monitor beeping ] woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate in
likely the answer is no because fannie mae and freddie mac still owe billions of dollars. also, gm still owes 27 billion. allied financial still owes. will we see that money back in the future, that is the question. cheryl: what is interesting about your story is the treasury department denied this. i'd assume they are very sensitive with the election close. >> i just got the sense they want to set the record straight. it is a lockup period. they have to time it right. they still own...
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Sep 27, 2012
09/12
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WTTG
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. >>> at 6:00, a fight against fannie mae leads to arrests in d.c. >>> we're going to go and be in the way back machine. >> the buccaneers are next up. >> back in the '80s, the only notable thing about the tampa bay buccaneers, their uniforms. cream sickle orange. 20 years ago, those bucs knocked a hall of famer out of the game and had the skins on the ropes at rfk. >> october 22nd, 1989. outlasting the buccaneers. the worst start a skins fan could imagine. second possession, and ralph's punt is blocked by tampa bay's ricky reynolds. the buccaneer also recovers it, coasting 33 yards. bucs lead 7-0 after the first quarter. the skins defense, manly in moi ways than one. second quarter, bucs third and 25 from their own 8. look out vinnie. dexter manly drives vinnie down for the safety. part of a monstrous effort on the day holding the bucs to a total of just one rushing yard. >> it's an attitude. it's a frame of mind. you have to believe what you can do. i think all the guys up front believed in each other and themselves. you have to go out and play like that. >> the attitude eventually c
. >>> at 6:00, a fight against fannie mae leads to arrests in d.c. >>> we're going to go and be in the way back machine. >> the buccaneers are next up. >> back in the '80s, the only notable thing about the tampa bay buccaneers, their uniforms. cream sickle orange. 20 years ago, those bucs knocked a hall of famer out of the game and had the skins on the ropes at rfk. >> october 22nd, 1989. outlasting the buccaneers. the worst start a skins fan could imagine....
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Sep 11, 2012
09/12
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CNN
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if you dig into the romney housing plan he talks about things like reforming fannie mae and freddie mac. but a lot is overshadowed by what he toll the las vegas review journal in late 2011 in all places was the foreclosure capital of nevada. here's what he had to say. >> what do do to the housing industry specifically? are there things you can do to encourage housing. one don't stop the foreclosure process. let it run its course, hit the bottom. allow investors too buy homes, fix the homes up and let it turn around and come back up. >> the shorter romney response on this issue, i think is quite clearly what has president obama done to fix the housing problem in this country. >> and, john, you said the cost of housing, the biggest forces in the electorate, how so? >> ask people what is bugging them. it's national crisis housing. this vase settled in the goal states. you ask people about the economy. what are the two defining questions in the presidential election? is the country on the right track? a lot of people question the american dream. you bought your house, pass it 0-to-your chil
if you dig into the romney housing plan he talks about things like reforming fannie mae and freddie mac. but a lot is overshadowed by what he toll the las vegas review journal in late 2011 in all places was the foreclosure capital of nevada. here's what he had to say. >> what do do to the housing industry specifically? are there things you can do to encourage housing. one don't stop the foreclosure process. let it run its course, hit the bottom. allow investors too buy homes, fix the...
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Sep 22, 2012
09/12
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CNN
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a romney presidency would overhaul fannie mae and freddie mac. romney's number two hit a bit of a speed bump during a speech yesterday. paul ryan was addressing the national aarp event in new orleans, and listen to what happened. >> the first step to a stronger medicare is to repeal obama care. because it represents the worst of both worlds. [ audience booing ] i had a feeling there would be mixed reaction, so let me get into it. >> the reaction didn't stop ryan from laying out his plan. remember, ryan appeared at the event shortly after obama spoke to the group via video conference. in his appearance, obama said the romney-ryan claims about obama care were just not true. ryan is back on the campaign trail this morning. he kicked off an event in miami last hour with jeb bush, and then it is on to orlando. >>> florida senator marco rubio had a tough time getting back to washington last night. seems his american airlines flight was delayed, so he used some extra time to tweet about that. he wrote american air says maintenance problem. yet suddenly
a romney presidency would overhaul fannie mae and freddie mac. romney's number two hit a bit of a speed bump during a speech yesterday. paul ryan was addressing the national aarp event in new orleans, and listen to what happened. >> the first step to a stronger medicare is to repeal obama care. because it represents the worst of both worlds. [ audience booing ] i had a feeling there would be mixed reaction, so let me get into it. >> the reaction didn't stop ryan from laying out his...